# China’s soybean crush margins hit 2-month high as US crop supply grows

> China's soybean crush margins reached a two-month high in early September after being negative since June, according to Shanghai JC Intelligence. US soybean sales to China for 2024-25 are down 47% year on year, with Brazil supplying much of China's needs.

- Date: 2024-09-05 · published 2024-09-05T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/28297-china-s-soybean-crush-margins-hit-2-month-high-as-us-crop-supply-grows
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improved crush margins support Chinese buying of soybeans and meal output, but weak US sales to China and cheap Brazilian supply limit upside for US beans and meal prices.

## Read by commodity

- SBM: bullish ▲
- SBO: neutral
- SOY: bullish ▲

## Sources

- invezz.com: https://invezz.com/news/2024/09/05/chinas-soybean-crush-margins-hit-2-month-high-as-us-crop-supply-grows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.